Brandon, SD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brandon, SD Housing Market Trends

With a population of 10,074, 3,614 total housing units (homes and apartments), and a median house value of $273,627, Brandon real estate is some of the most expensive in South Dakota, although Brandon home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brandon, accounting for 72.54% of the city's housing units. Other types of housing that are prevalent in Brandon include large apartment complexes or high rise apartments ( 17.15%), row houses and other attached homes ( 5.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brandon. Owner-occupied housing accounts for 73.69% of Brandon's homes, and 59.85% have either three or four bedrooms, which is average sized relative to America.

Brandon homes and real estate are some of the newest in America. 46.42% of Brandon's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Brandon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.42%), and between 1940-1969 ( 10.14%). There's also some housing in Brandon built before 1939 ( 2.02%).

Brandon Home Appreciation Rates

Appreciation rates for homes in Brandon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.44%, which ranks in the top 40% nationwide. This equates to an annual average Brandon house appreciation rate of 4.10%.

Over the last year, Brandon appreciation rates have trailed the rest of the nation. In the last twelve months, Brandon's appreciation rate has been 6.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brandon were at 1.31%, which equates to an annual appreciation rate of 5.33%.

Notably, Brandon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Dakota, our data show that Brandon's latest annual appreciation rate is lower than 70% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$273,627

Brandon, SD HOME PRICES

> $1,200,000
0.0%
0.0%
$900,001 - $1,200,000
0.0%
0.0%
$600,001 - $900,000
3.2%
3.2%
$480,001 - $600,000
4.2%
4.2%
$360,001 - $480,000
17.4%
17.4%
$240,001 - $360,000
34.5%
34.5%
$120,001 - $240,000
38.0%
38.0%
$60,001 - $120,000
1.1%
1.1%
$0 - $60,000
1.7%
1.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for SD

Value Relative To Nation

Number Of Homes And Apartments:
3,614

Brandon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
88.39% 2.99%
2
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Owners
73.7%
73.7%
Renters
26.3%
26.3%
Vacant
4.0%
4.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
46.4%
46.4%
1970 - 1999
41.4%
41.4%
1940 - 1969
10.1%
10.1%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.5%
72.5%
Townhomes
5.2%
5.2%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
17.2%
17.2%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
4.9%
4.9%
2 Bedrooms
18.2%
18.2%
3 Bedrooms
29.1%
29.1%
4 Bedrooms
30.8%
30.8%
5 or more bedrooms
13.9%
13.9%
0.0% 100.0%
% OF HOMES